Notes to SEFA
Title: GENERAL INFORMATION
Accounting Policies: See Notes
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards presents the activities in all of the federal financial assistance programs of Healing to You. All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies or non-profit organizations are included on the schedule.
Title: BASIS OF ACCOUNTING
Accounting Policies: See Notes
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to federal funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
Title: INDIRECT COST RATE
Accounting Policies: See Notes
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Healing to You elected to use the 10% de minimis indirect cost rate pursuant to 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.